1) Logic changed a bit.
I tried to calculate MAs based on the power(high - low of previous bars).You can see it the M-variables, as new statements were added in calculation section of MAs. I don't really know if I did right, because I didn't go too much in Pine Script. I just wanted to make a Bollinger-bands-like bands, which could predict the levels at which might reverse, using legendary fibonacci and Tesla's number 432. It's might sound as a joke, but as you can see, it works pretty good.
No need to change Fibonacci ratios in code. Now you can do it in the GNC settings. Also MAs' names were made obvious, just check it out. Time of million similar "MA n1" has passed :)
3) Trade-entry advices:
I didn't tell you exactly the trade-entry advices, as I haven't explored this script fully yet :) But you probably understood something intuitively, when added GNC on the chart. Now I made things way more obvious:
1. Zones between Fib ratios show you how aware you should be of price movements. Basically, here are the rules, but you probably understand them already:
1.1 Red zone(RZ): high awareness, very likly for price to be reversed, but if there is a clear trend and you know, than it might be a time for price to shoot up/down.
1.2 Orange zone(OZ): medium awareness, not so obvious, as price might go between boundaries of OZ and continue the trend movement if such followed before entering the OZ. If price go below lower boundary of OZ and the next bar opens below this boundary, it might be a signal for SHORY, BUT(!) please consider confirmation of any sort to be more sure. Think of going beyond the upper boundary by analogy.
1.3 Green Zone(GZ): if the price hits any boundary of green zone, it is usually a good oppurtunity to open a position against the movement(hit lower boundary -> open LONG, hit upper boundary -> open SHORT).
1.4 Middle Zone( Zone)(MZ): same rules from Green Zone.
IMPORTANT RECCOMENDATION: Use trend indicator to trend all signals from zones to follow the trend, 'cause counter-trending with this thing without stop loss might very quickly wipe you out, might if you will counter-trend strategy with GNC , I will be glad if you share it with the community :)
Reccomendation for better entries:
1) if the price hits the lower(or high) boundaries( LB or HB) zone after zone(hit LB or HB of RZ, then of OZ, then of GZ), it is a very good signal to either LONG, if price was hitting LBs, or SHORT, if hitting HBs.
2) Consider NOT to place trades when in MZ, as price in this zone gets tricky often enough. By the way, if you dont the see the MAs(which go with plot(ma1+(0.432*avg1)) ), then set the transparency of zone to 20% or a bit more and then it will be ok.
I will continue to develop the GNC and any help or feedback from you, guys, will be very helpful for me, so you welcome for any of those, but please be precise in your critics.
Thank you for using my stuff, hope you found it usefull. Good luck :)
+ New MA types.
+ Set transparency to 20%, so it's easier for your eyes to see chart, as color back then was too bright.
Dentro do verdadeiro espírito TradingView, o autor deste script publicou ele como um script de código aberto, para que os traders possam compreender e checar ele. Um viva ao autor! Você pode usá-lo gratuitamente, mas a reutilização deste código em uma publicação é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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